Hot Stock ML Global rises 11% on PN17 uplift
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Hot Stock ML Global rises 11% on PN17 uplift
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[size=28]ML Global rises 11% on PN17 uplift
By Sangeetha Amarthalingam / theedgemarkets.com | March 11, 2016 : 1:38 PM MYTKUALA LUMPUR (March 11): ML Global Bhd rose 11% after Bursa Malaysia uplifted the builder from its Practice Note 17 (PN17) status today.
ML Global, formerly known as VTI Vintage Bhd, became a PN17 entity on Feb 25, 2010.
At 12:30pm today, ML Global shares rose five sen to settle at 52.5 sen, for a market capitalisation of RM47.1 million. The stock saw 1.11 million shares traded.
LBS Bina Group Bhd is largest shareholder in ML Global, with a 31.95% stake as at February this year.
ML Global said LBS Bina had raised its stake to 28.64 million shares, after buying seven million ML Global shares at 50 sen each then, via an off-market transaction.
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